Don't Leave Money on the Table: Essential Tax Credits You Might Be Missing
Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...
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Oct 144 min read
IRS Penalties: What Triggers Them and How to Avoid or Reduce Them
Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...
Oct 144 min read
IRS Provides Relief for Hurricane Helene Victims
The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including...
Jul 273 min read
Special Tax Deduction for Self-Employed Health Insurance
In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed...
Jul 263 min read
Essential Tax and Financial Planning Strategies for Boomers and Gen Xers Approaching Retirement
As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This...
Jun 156 min read
Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes
Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...
Apr 264 min read
Installment Sale – a Useful Tool to Minimize Taxes
Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in
Apr 65 min read
Deductions and Credits - A Primer
You can use credits and deductions to help lower your tax bill or increase your refund. Deductions can reduce the amount of taxable...
Mar 226 min read
Biden's Tax Agenda
During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...
Mar 204 min read
Can’t Pay Your Taxes? Here Are Some Options
About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one...
Mar 138 min read
Unique Charitable Giving Options
There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your...
Mar 62 min read
Where's My Refund?
If your 2023 tax return has already been filed and you are due a refund, you can check the status of your refund online. For your Federal...
Feb 217 min read
Gift & Estate Taxation - An Overview
Gift and estate taxes are both part of the federal transfer tax system and are interconnected. Gift tax applies to transfers of wealth...
Feb 143 min read
2024 Standard Mileage Rates
As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2024 optional standard mileage rates used...
Feb 25 min read
Tax Documents Coming Your Way
To ensure individuals properly report all their income, the IRS has an ever-expanding series of information-reporting forms used to...
Jan 196 min read
Major Tax Sunset on the Horizon
Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below....
Jan 131 min read
Indiana Income Tax Rate Change
As published by the Tax Foundation, thirty-four states will ring in the new year with tax changes, including Indiana. They noted that...
Oct 25, 20232 min read
Tax planning before Thanksgiving
Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your...
Sep 25, 20233 min read
Top 10 Tax Strategies For Physicians
Strategies for physicians to provide legitimate means to substantially mitigate tax liabilities while adhering to the boundaries of the law.
Sep 19, 20223 min read
Maximizing Your Airbnb Rental Income
If you list your property on Airbnb, you know it has been a remarkable boon for property owners looking to earn income from their...
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